BAY Ntwks (under House) Message Board

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Technology Stocks : BAY Ntwks (under House)

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To: Bosco who wrote (6703)	6/19/1998 4:32:00 PM
From: Mark Oliver	Read Replies (2) of 6980

Bay ends at $30. Surprise surprise. Did anybody think this stock could do any less based on the honest, unmanipulated condition of the market? So, a huge call/put position at 30 evaporates into the ether. I guess that's probably good for us longs as most of these people probably would have sold if they had taken possession and it was a very big number of shares. So, what's going to happen when all the shorts and buys that went into manipulating these stocks unwind next week. Perhaps some rumor that the deal falls through will get the shorts out of danger followed by some all the bidding war rumors. How about a rumor that BCE doesn't like the deal and gives it the boot. Personally, I think all that unprecedented NT volume was taking a big bash from short selling to kill the price. I expect NT to go up from here as the sorts cover. Regards, Mark PS Ascend also ended at 49 15/16, NN at 22 1/2, Intel at 70, CPQ 27 7/16, and just to show you anybody can play Ford ended at 55. Love those perfect round numbers on the third Friday of the month.

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